. General nature of transaction Background As the Company had entered into the transaction of disposition of MahaNakhon Project and MahaNakhon Cube to King Power MahaNakhon Company Limited ("KPM") earlier

revenue decrease of Ibis Styles Chiangmai Hotel from the impact of COVID- 19 and smoke pollution as mention earlier. Selling and Administrative Expenses In the first quarter of 2020, selling and

in the same period a year earlier. Rising by THB 39 million, its net profit in the second quarter of 2020 was THB 62 million compared with THB 23 million in the same period of last year. The Company’s

quarter ended February 28, 2018 and corresponding period of the previous year, which exceeds 20%. The company would like to clarify as follows. 1. Total revenue is Baht 532.93 million, an increase of Baht

, Padaeng Industry Public Company Limited announces a consolidated net profit of 96.77MB, compared to a net profit of 312.61MB for the same quarter previous year. Due to depletion of Mae Sod Mine’s reserves

as sales. Although the Company will has been better administration for cost of sales and control expenses than previous year, as a result to revenue recognition and gross profit was decrease. Net

decreased by 187.1 Million THB or 40.1% YoY. In the previous year, the company recognized loss from goodwill impairment of 124.8 Million THB, trademark impairment of 12.1 Million THB, leasehold impairment of

construction business. Gross profit (loss) Gross profit for the year 2019 totaled 61.47 million baht, decreased from the same period of the previous year by 86.70 million baht or 49.13%. Resulting in a reduced

the year 2019 significantly increased when compared to the previous year. Please be informed accordingly. Yours Sincerely, (Miss Udomporn Aeimjoy) Executive Vice President Accounting and Finance

exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to